Apollo Senior Floating Rate FundFind Ratings Reports
- Last Ratings Update:01/31/2017
- Price as of 01/31/2017 :$17.65
- Net Assets:$263.44 Million
- Peer Rank:16 of 29
- Investment Rating:C+
We rate Apollo Senior Floating Rate Fd Inc at C+. Positive factors that influence this rating include a greater than above average total return and low price volatility. The fund may be considered for investors seeking a Loan Participation strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The Apollo Senior Floating Rate Fd Inc has returned an annual rate of 5.15% since inception. More recently, the fund has generated a total return of 7.43% in the last five years, 6.04% in the last three years, and 32.73% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 59% of them. It has also outpaced 56% of its competitors on a three year basis and 77% of them over the last year for the period ending 1/31/2017. On a year to date basis, AFT has returned 0.97%.
Downside risk has been below average. AFT has a draw down risk of -23.57%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.5%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 1/31/2017, the fund was trading at a price of $17.65, which is 1.9% below its 52-week high of $18.00 and 4.0% above its 52-week low of $16.97.
High expense ratio hinders performance. On total assets of $263.44 million, AFT maintains a high expense ratio compared to its Loan Participation peers of 3.01% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AFT is a closed end fund, it has no front end or back end load.